Russia hopes to fetch more than $11 billion for a minority stake in the Kremlin's flagship oil producer Rosneft before the end of the year to plug budget holes caused by low crude prices, an industry source told Reuters on Friday.

Russia hopes to fetch more than $11 billion for a minority stake in the Kremlin's flagship oil producer Rosneft before the end of the year to plug budget holes caused by low crude prices, an industry source told Reuters on Friday.

Japan will propose a broad cooperation in the energy sector with Russia that could include a nearly $10 billion investment in Russian state-owned oil giant Rosneft, the Nikkei newspaper reported on Friday.
The report comes as Prim

Russian oil producer Rosneft is interested in oil and gas projects in Iran, the RIA news agency quoted Russian energy minister Alexander Novak as saying on Saturday.
It is too early to talk about any concrete plans as Iran has not

Oil fell further below $37 a barrel on Wednesday as US crude stockpiles rose to a new record, underlining the extent of a supply glut and countering support from producer efforts to tackle it.
Crude inventories rose by 10.4 millio

The Golden Age of the Organization of the Petroleum Exporting Countries (Opec) to keep oil markets balanced passed when the group decided not to cut production in November last year to end a price rout, the chief executive of Russian oil major

India's Essar Group will sign a long-term crude oil import deal with Russia's Rosneft during President Vladimir Putin's visit to New Delhi on Thursday, government and industry sources said.
"Essar will sign an MoU

India's Essar Group will sign a long-term crude oil import deal with Russia's Rosneft during President Vladimir Putin's visit to New Delhi on Thursday, government and industry sources said.
"Essar will sign an MoU

Russia's top crude oil producer Rosneft said on Saturday it had made an oil discovery jointly with ExxonMobil at an offshore Arctic field, which has been at the centre of controversy due to Western sanction against Moscow.
How

Russia's top crude oil producer Rosneft will sell drilling rigs to Norway's North Atlantic Drilling (NADL) in return for shares in the firm, going ahead with an earlier agreed deal despite sanctions over Ukraine.
Rosneft a